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Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Cost
The net periodic benefit cost (credit) for the Company's pension and postretirement benefit plans was as follows:
Pension BenefitsPostretirement Benefits
Fiscal YearFiscal Year
202120202019202120202019
Service cost$0.2 $0.2 $0.1 $— $— $— 
Interest cost0.3 0.5 0.7 0.7 1.2 1.6 
Amortization of net actuarial loss0.9 0.7 0.5 0.2 — — 
Amortization of prior service cost (credit)0.1 0.1 0.2 (2.1)(2.1)(2.1)
Net periodic benefit cost (credit)$1.5 $1.5 $1.5 $(1.2)$(0.9)$(0.5)
Schedule of Changes in Benefit Obligations, Plan Assets, and Funded Status of Plans
The following table represents the changes in benefit obligations and the net amounts recognized on the consolidated balance sheets for pension and postretirement benefit plans at the end of each period:
Pension BenefitsPostretirement Benefits
December 31,
2021
December 25,
2020
December 31,
2021
December 25,
2020
Change in benefit obligations:
Projected benefit obligations at beginning of year$29.4 $27.0 $40.1 $40.5 
Service cost0.2 0.2 — — 
Interest cost0.3 0.5 0.7 1.2 
Actuarial (gain) loss(0.9)1.8 (1.7)1.2 
Benefits and administrative expenses paid(0.7)(1.5)(1.8)(2.8)
Plan settlements— (0.1)— — 
Currency translation(1.0)1.5 — — 
Projected benefit obligations at end of year$27.3 $29.4 $37.3 $40.1 
Schedule of Amounts Recognized in Balance Sheet
Pension BenefitsPostretirement Benefits
December 31,
2021
December 25,
2020
December 31,
2021
December 25,
2020
Amounts recognized on the consolidated balance sheet:
Current liabilities$0.8 $0.8 $1.7 $1.9 
Non-current liabilities16.7 18.9 13.4 15.5 
Liabilities subject to compromise9.8 9.7 22.2 22.7 
Net amount recognized on the consolidated balance sheet$27.3 $29.4 $37.3 $40.1 
Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss$(9.7)$(11.8)$(0.1)$(2.0)
Prior service (cost) credit— (0.1)1.7 3.8 
Net amount recognized in accumulated other comprehensive loss$(9.7)$(11.9)$1.6 $1.8 
Schedule of Amounts to be Amortized from Accumulated Other Comprehensive Income
The estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic benefit cost (credit) in fiscal 2022 are as follows:
Pension BenefitsPostretirement Benefits
Amortization of net actuarial loss (gain)$0.6 $(0.1)
Amortization of prior service credit— (1.7)
Schedule of Actuarial Assumptions
Weighted-average assumptions used each period to determine net periodic benefit cost for the Company's pension plans were as follows:
U.S. PlansNon-U.S. Plans
Fiscal YearFiscal Year
202120202019202120202019
Discount rate1.8 %2.8 %4.0 %1.0 %1.3 %2.0 %
Rate of compensation increase— — — 2.5 2.5 2.5 
Weighted-average assumptions used each period to determine benefit obligations for the Company's pension plans were as follows:
U.S. PlansNon-U.S. Plans
Fiscal YearFiscal Year
202120202019202120202019
Discount rate2.3 %1.8 %2.8 %1.3 %1.0 %1.3 %
Rate of compensation increase— — — 2.5 2.5 2.5 
The weighted-average discount rate used to determine net periodic benefit credit and obligations for the Company's postretirement benefit plans were as follows:
Fiscal Year
202120202019
Net periodic benefit credit2.0 %3.0 %4.1 %
Benefit obligations2.5 2.0 3.0 
Schedule of Healthcare Cost Trend Rates
Healthcare cost trend assumptions for postretirement benefit plans were as follows:
December 31,
2021
December 25,
2020
Healthcare cost trend rate assumed for next fiscal year5.7 %5.8 %
Rate to which the cost trend rate is assumed to decline4.5 4.5 
Fiscal year the ultimate trend rate is achieved20382038
Schedule of Expected Benefit Payments
Benefit payments expected to be paid, reflecting future expected service as appropriate, were as follows:
Pension BenefitsPostretirement Benefits
Fiscal 2022$2.9 $4.7 
Fiscal 20231.7 3.0 
Fiscal 20241.7 2.9 
Fiscal 20251.6 2.8 
Fiscal 20261.5 2.7 
Fiscal 2027 - 20316.9 11.7